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Re: Is the board alive?Thanks for posting. IMO you need to stay away from market orders. Otherwise you could get filled at a price that is significantly worse than you expected. As the Flash Crash demonstrated, the market can be highly illiquid at certain times. (Nothing has changed regarding the structure of the market.) Also, board members need to know that it is extremely dangerous to have stop-loss orders in place. Many small investors lost a lot when their stop-loss orders got triggered at much lower prices than the stop-loss price as the market crashed and then they couldn't get back in when their stocks rocketed higher on the rebound from the Flash Crash. It's OK to have a mental stop-loss, i.e. if the stock loses 10% from your purchase price, you will sell it. Indeed, a rigorous sell discipline is the key to making money in the stock market. GLTU! Savannah |
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Msg # | Subject | Author | Recs | Date Posted |
19773 | Re: Is the board alive? | vlcccashmachine | 1 | 4/22/2015 11:21:25 AM |